Is there a mortgage company that will pre-approve a first time home buyer with real

Tips and Deals Forums Home Mortgage Is there a mortgage company that will pre-approve a first time home buyer with real

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    • #205355
      Anonymous
      Inactive

      bad credit in Texas? I have a credit score of 415. The 3 bedroom house I want to get is only $44,000 and ready to move into.

    • #260365
      Anonymous
      Inactive

      you as a first time home buyer is a plus, but they still need to consider your income and most likely having a bad credit score will come up with a higher interest on your part. but im pretty sure theres a lot of lending companies that will solve your problem but you need to pay the price.

    • #431149
      Anonymous
      Inactive

      ABSOLUTELY NOT! You have a signed contract!

      Please go back and completely read your mortgage papers from Greenpoint Mortgage. You MIGHT have had a fixed rate for a period (usually like 2 years) and that period might have run out. If that is the case, you have no recourse.

    • #431150
      Anonymous
      Inactive

      No . you must be mis-understanding something

    • #431151
      Anonymous
      Inactive

      That doesn’t sound legal – they bought your loan agreement – if you sign a new agreement with them then they have you but otherwise – they have to abide by the agreement you signed.

    • #431152
      Anonymous
      Inactive

      Negative, they are bound by the terms of the original contract. I hope that you have your copy of the contract.

    • #431153
      Anonymous
      Inactive

      Absolutely not!!!! Don’t let them get away with this one. It is not legal unless you sign an agreement as such. Report this practice to the banking commission in your state. I would also report it to your state’s attorney general. Keep copies of all communications involving this unauthorized transaction.

    • #431154
      Anonymous
      Inactive

      No they can’t.

    • #431155
      Anonymous
      Inactive

      That only works with loan sharks and the mob. The new mortgage servicer or mortgagee can only be assigned the existing loan, pursuant to the terms already written in that contract.

      Countrywide knows that – have someone there explain it again and read your loan papers so that you are clear as well.

    • #431156
      Anonymous
      Inactive

      NO they can’t. I’m betting you don’t understand.

      I bet you have a 30 year adjustable rate mortgage. The first term rate was “fixed” at a set rate for the first term and now it’s time to adjust.

      I see this type of confusion here all the time.

      However, I would take the paperwork to a lawyer or back to your title company and have them explain the terms.

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